If you have a Health Savings Account, chances are you may not be taking full advantage of this potential wealth-building tool. Here are 5 facts that often surprise people.
You Might Be Able to Save Even More in Your 401k Starting in 2025
Taking Care of a Non-Spouse Partner: Essential Steps to Take
Keeping Your Retirement Tax Bill in Check With a Tax-Efficient Distribution Strategy
Income Taxes in Retirement: Understanding How Your Tax Bill May Change
When you shift from working for a living to living off your prior years of work, the way the money you pull from your various savings sources may also shift. It’s quite common for first-year retirees to be caught with a surprise tax bill due to this change, which may or may not require a change in how you plan and pay your taxes throughout the year. This article covers the various ways your savings may be taxed.
Should You Pay Your Mortgage Off Before You Retire?
You've Waited All Your Life for This: Avoiding the Non-Financial Pitfalls of Retirement
Starting off 2019 here at Mackey Advisors™, we have already had numerous discussions with folks planning to retire at a date in the not too distant future. Would it surprise you to hear that every day, 10,000 boomers turn 65 in this country? Many of those folks have worked and saved for years in order to enjoy a whole new life called “retirement” after that 65th birthday. Unfortunately, all too often the ride into the sunset becomes a drive off a cliff even if they have prepared themselves to have a financially successful retirement.